Shares of Chembio Diagnostics Inc. (NASDAQ:CEMI) traded today at $2.66, breaking its 52-week low. So far today approximately 115,000 shares have been exchanged, as compared to an average 30-day volume of 533,000 shares.
Potential upside of 20.9% exists for Chembio Diagnostics Inc., based on a current level of $2.68 and analysts’ average consensus price target of $3.24.
Chembio Diagnostics Inc. share prices have moved between a 52-week high of $8.75 and the current low of $2.66 and are currently at $2.68 per share.
Chembio Diagnostics Inc is a company that develops, manufactures, and commercializes point-of-care diagnostic tests that detect infectious diseases. The products of the company include rapid tests for the detection of HIV 1/2 antibodies and a multiplex rapid test for the detection of HIV and syphilis antibodies. The company offered rapid medical tests that are offered in Africa, Asia, Europe, and the Middle East, Latin America and the United States, of which key revenue is derived from Latin America.
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